Electric car drivers could earn £725 a year selling power back to the grid, study finds
Energy companies are keen to incentivise drivers to help balance the grid
A vehicle-to-grid charger will currently set drivers back between £4-5,000
Electric car drivers could earn more than £700 a year selling surplus power back to the grid, according to a government-backed study.
More than 300 homes had chargers installed in their homes that enabled them to sell electricity back to the grid that was stored in their car batteries, in the world’s largest trial of its kind.
The study found that consumers could make up to £725 a year when signed up to tariffs that enables a tech platform to take power from the vehicle’s battery for the grid when national supplies were low.
The public charging infrastructure is key to the success of electric vehicles, with the Government recently announcing £1.3 billion of funding to grow it.
Published:
10:46 AM May 25, 2021
Electric Vehicle charging points have now been fitted in the Corn Exchange car park in Haverhill
- Credit: West Suffolk Council
Extra electric vehicle charging points are being installed in west Suffolk in a bid to tackle climate change.
West Suffolk Council has now installed its 46th electric vehicle charger after a new point was added in Haverhill, and the council has secured further investment to fit more in the coming months.
The council is committed to improving the charging infrastructure to support residents and businesses in having the confidence to switch to electric vehicles or hybrids.